CVAL Chester Valley Bancorp (MM)

Chester Valley Bancorp Inc. Declares Quarterly Cash Dividend DOWNINGTOWN, Pa., May 27 /PRNewswire-FirstCall/ -- Chester Valley Bancorp Inc. (NASDAQ:CVAL) announced the declaration of a $.105 quarterly cash dividend. The dividend will be paid on June 30, 2004 to shareholders of record as of the close of business on June 14, 2004. The cash dividend is based on record earnings of $1.6 million or $.32 per diluted share for the quarter ended March 31, 2004. At March 31, 2004, the Company had assets of $630.4 million and stockholders' equity of $53.3 million. It is the Company's intention that any future cash dividends will be paid on the last day of a calendar quarter. Chester Valley Bancorp Inc. is the parent company of both First Financial Bank and Philadelphia Corporation for Investment Services. First Financial Bank's executive offices are located in Downingtown, Pennsylvania with additional branch locations in Exton, Frazer, Thorndale, Westtown, Airport Village, Brandywine Square, Devon, Kennett Square, Eagle and Coatesville. Philadelphia Corporation has offices in Wayne and Philadelphia. Chester Valley Bancorp stock is traded on the NASDAQ market under the symbol "CVAL." DATASOURCE: Chester Valley Bancorp Inc. CONTACT: Joseph T. Crowley, Chief Financial Officer, Chester Valley Bancorp, +1-610-269-9700 Web site: http://www.ffbonline.com/

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